In conjunction with "The World's Biggest Risks" special report, CNBC's Adam Bakhtiar examines the impact of rising geopolitical tensions around the world.» Read More
LONDON-- British Prime Minister David Cameron is ducking new questions about text messages he traded with Rebekah Brooks, the former chief of News Corp.' s U.K. newspapers who faces charges linked to the country's phone hacking scandal.
Strong corporate earnings reports and hopes that Spain may be close to requesting a bailout to alleviate its debt crisis helped oil prices move higher above $92 a barrel on Wednesday. By early afternoon in Europe, benchmark oil for November delivery was up 24 cents at $92.33 a barrel in electronic trading on the New York Mercantile Exchange.
Insurance broker Willis Group Holdings has named McKinsey& Co. senior partner Dominic Casserley its next CEO, starting Jan. 7. The London- based company also said Wednesday that Steve Hearn, 46, will serve as Willis Group deputy CEO.
However, rising speculation that Spain will soon ask for help to keep its borrowing costs down continues to shore up European markets, particularly in Madrid. The surprise decision late Tuesday by Moody's to maintain its credit rating on Spain has also helped shore up sentiment.
BANGKOK-- A positive day for stock markets and hopes that Spain might be on the verge of requesting a bailout to fix its debt crisis kept oil prices steady Wednesday. Benchmark oil for November delivery was unchanged at $92.09 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
LONDON-- The likelihood that the Bank of England might approve more economic stimulus next month decreased on Wednesday as minutes from the latest policy meeting showed the rate-setters disagreed on the program's effectiveness and official figures showed the unemployment rate has dropped.
LONDON-- Royal Bank of Scotland, which was rescued in Britain's biggest bank bailout, said Wednesday that it is getting out of an emergency insurance program which helped stabilize the company after it nearly collapsed. Royal Bank of Scotland shares were up 1.6 percent at 284.5 pence in early trading in London.
BANGKOK-- A positive day for stock markets and hopes that Spain might be on the verge of requesting a bailout to fix its debt crisis helped push oil prices higher Wednesday. Benchmark oil for November delivery was up 16 cents to $92.25 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.
England defender Ashley Cole is facing an FA fine because of a vulgar tweet. The England team code of conduct spells out how players can be stripped of the captaincy if they are deemed to fail as a "role model," highlighting how the job carries "expectation and responsibility."
WARSAW, Poland-- Officials in Poland are scrambling to explain why they failed to close the stadium roof and prevent the country's World Cup qualifier with England being postponed by a waterlogged pitch. Heavy rain on Tuesday left pools of water on the field at the $600 million National Stadium, which has a retractable roof.
CHICAGO-- The NFL is doubling down on London. The league announced Tuesday that the Minnesota Vikings will host the Pittsburgh Steelers at London's Wembley Stadium on Sept. 29, 2013. This is the first time the NFL will play two regular-season games in London in the same season.
On the New York Mercantile Exchange:. _ Benchmark U.S. crude ended up 24 cents to $92.09 a barrel in New York. _ Natural gas lost 5 cents to $3.44 per 1,000 cubic feet.
The Labor Department said the consumer price index rose 0.6 percent last month, the same as in August, with inflation still in check. Benchmark U.S. crude ended up 24 cents at $92.09 a barrel in New York. Brent crude, which is used to price international varieties of oil, lost 40 cents to finish at $114 a barrel in London.
HAMILTON, Bermuda-- Hurricane Rafael is expected to unleash heavy winds and rain as it passes east of Bermuda late Tuesday en route to open sea, where it is expected to lose strength. It was located 225 miles south of Bermuda late Tuesday morning, moving north-northeast at 24 mph.
PARIS-- The pace at which countries like Greece and Spain cut their deficits with austerity measures must depend on their economic conditions, International Monetary Fund Managing Director Christine Lagarde said Tuesday.
Inflation is low, earnings are high, investors are happy. Results at Mattel, Goldman Sachs, and Johnson& Johnson were all above expectations. Also Tuesday, the Labor Department said consumer prices rose just 0.1 percent last month, not counting food and energy costs.
LONDON-- Judges are choosing the winner of Britain's most prestigious literary trophy from a shortlist that includes novels set in the court of King Henry VIII and the opium dens of Mumbai. Mantel would be the first British author to win the Booker twice, joining double winners Peter Carey of Australia and J.M. Coetzee of South Africa.
EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy Oil will continue to explore for and produce oil in the U.S., Canada and Malaysia.
LONDON-- Teen superstar Justin Bieber has teamed up with the Adidas NEO Label to be its new global style icon. The Canadian pop star, who cites James Dean as his fashion idol, says the collaboration is a "perfect fit" because "we both believe in living life to the fullest, being young, free and making our own style."
NEW YORK-- Advertising and marketing company Omnicom Group Inc. reported nearly flat earnings and revenue compared with a year earlier, as U.S. revenue grew but international revenue declined. Omnicom had fewer outstanding shares in the latest quarter, which increases earnings per share. He rates Omnicom "Hold" with a target price of $45.